Chai-ed and failed: Startup behind a $1000 'smart teapot' admits defeatTurns out that people just don't want 'the best tea experience possible'

A Silicon Valley-based startup that took $12 million dollars
in funding to create a $1,000 (£756) teapot has closed down, after its
product failed to make it into kitchens around the world.
Teforia, which was founded in 2014, posted a lengthly message on its website explaining that it was ceasing all activites.

The
message, written by CEO Allen Han reads: "The reality of our business
is that it would take a lot more financing and time to educate the
market and we simply couldn't raise the funds required in what is a very
difficult time for hardware companies in the smart kitchen space."